Germany: Inflation stabilizes in August
August 28, 2015
Consumer prices in August were unchanged over the previous month, according to preliminary data released by the Federal Statistics Office (Destatis) on 28 August. The result contrasted July’s 0.2% increase.
Inflation was 0.2% in August, matching July’s result, which had represented the lowest reading in five months. Meanwhile, annual average inflation in August came in at July’s 0.4%.
HICP inflation, which is based on the harmonized index of consumer prices, stood at 0.1% in August, marking the same value as in July. Annual average HICP inflation came in at 0.3% in August, which also mirrored July’s print.